Ratings

S&P Report Urges Discipline as Reinsurers Adjust Exposure to Cat Risk

Standard & Poor’s Ratings Services has released a report – “Discipline Is Necessary As Reinsurers Adjust Their Exposure To Catastrophe Risk” – that examines diverging attitudes to catastrophe risk among reinsurers facing a prolonged soft market. S&P explained that “two years …

A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast

As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor vehicle …

European Captives More Focused on Risk Mgmt., Investments: A.M. Best

A.M. Best has released a new study -“European Captives Increase Focus on Risk Management and Investments Ahead of Solvency II -” which concludes that “many European captives have embraced Solvency II’s increased regulatory requirements as an opportunity to focus more …

Best Affirms and Withdraws Ratings of PaCRe Ltd.

A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based PaCRe, Ltd., and has removed the ratings from under review with negative implications and assigned a negative outlook. Best said …

S&P Maintains Ironshore on CreditWatch Negative Pending Fosun Approvals

Standard & Poor’s Ratings Services announced that it has extended its CreditWatch with negative implications on Ironshore Inc. and Ironshore Holdings (U.S.) Inc. for another 90 days. A.M. Best took a similar position last week. S&P said it is continuing “to …

Best Downgrades PartnerRe and Subs Ratings; Remains under Review

A.M. Best announced that it has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-” of Partner Reinsurance Company Ltd. and its affiliates. Best has also downgraded …

Best Places Ironshore & Subs Ratings under Review with Negative Implications

A.M. Best has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Ironshore Insurance Ltd. (Bermuda) and its affiliated operating companies: Ironshore Indemnity Inc. (Minneapolis, MN), Ironshore …

Nepal Quake Impact ‘Minimal on Global Reinsurers;’ Locally Severe: A.M. Best

A.M. Best’s analysis of the damages caused by the earthquake that struck Nepal on April 25, 2015, describes the “significant property damages and fatalities in the Himalayan country.” However, no accurate assessment of then insured losses has yet been completed …

Best Affirms Ratings of XL and Subs; Removes from Under Review

A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of the ongoing property/casualty (P/C) subsidiaries of XL Group plc, “based on …

S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings

Standard & Poor’s Ratings Services has revised its outlook on Fairfax Financial Holdings Ltd. to stable from negative. At the same time, we affirmed our ‘BBB-‘ long-term counterparty credit rating on Fairfax and its ‘A-‘ long-term counterparty credit and financial …

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